A week after topping pre-pandemic highs, the medtech industry’s stocks were brought back down to earth in quick fashion. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 89.03 (Sep. 11), marking a -0.3% dip from the 89.29 points registered at the end of the […]
Bank of America
Bank of America analysts say that they are bullish over the medtech industry as surgical procedure recoveries in recent months bode well for the field. In an analysis published yesterday, BofA said medtech management teams are likely remaining cautiously optimistic amid recovery efforts brough on by the impact of COVID-19, but they are growing in […]
Varian Medical Systems Inc. (NYSE:VAR) late last week inked a deal with Bank of America to buy back about $280 million worth of its common stock, reducing the amount of outstanding shares by almost 3 percent.